At 9.3% CAGR, Water Treatment Chemicals Market Size Set to Register 66.66 billion USD by 2027

Market Study Report has released a new research study on Water Treatment Chemicals market Analysis 2021-2027 inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the industry over the forecast timeframe. The report also outlines the competitive framework of the Water Treatment Chemicals industry detailing the SWOT analysis and market share dominance of the prominent players.

Global Water Treatment Chemicals Market to reach USD 66.66 billion by 2027. Global Water Treatment Chemicals Market is valued approximately USD 35.77 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.3% over the forecast period 2021-2027.

Water treatment chemicals have been used to purify water and waste water, changing the chemical and physical qualities of liquid for industrial and municipal usage. The need for clean and usable freshwater has increased as a result of rising population and rapid commercialization in both emerging and developed markets, which is also driving the demand for water treatment chemicals. In November 2019, LANXESS invested around USD 1.65 million by 2023 to expand the operations of the company in the areas of water treatment products and other areas, as well as to enhance its resource base in India.

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Major market player included in this report are:

  • BASF SE
  • Ecolab Inc.
  • Solenis LLC
  • Akzo Nobel N.V.
  • Kemira OYJ
  • Baker Hughes
  • Lonza
  • The Dow Chemical Company
  • Snf Floeger
  • Suez S.A.

Safety regulations, rigorous government restrictions, more industrial investment, growing use of chemically treated water, and expanding consumer awareness of the negative effects of contaminants are all driving up demand for water treatment chemicals around the world. For instance, BASF and Solenis integrated their paper wet-end and water chemicals businesses in January 2019.

The united company will operate under the Solenis name and will have expanded sales, service, and manufacturing capabilities around the world. However, biological treatment, on the other hand, uses a physical mechanism to quickly inactivate potentially hazardous bacteria. Furthermore, the use of a number of nanotechnology-based solutions is assisting in the decrease of chemical use in water treatment.

Alternative technologies like these are stifling the market for water treatment chemicals. Also, due to the scarcity of freshwater resources, wastewater recycling has become popular, and it is estimated to generate to the market’s growth. Increased usage of water treatment chemicals in manufacturing sector effluents discharged is expected to raise regional market growth in Europe.

Furthermore, during the review time, the administration’s strict regulation to limit water pollution is expected to favour water treatment chemicals businesses. The chemical production sector is driving the market for water treatment chemicals in North America. During the forecast period, the market in Asia-Pacific is developing at a remarkable rate, owing to rising population, which causes water pollution, increasing need for water treatment chemicals.

Leading Asian countries, China, Thailand, Malaysia, and Saudi Arabia are undergoing an economic revolution, which has resulted in increased wastewater production, necessitating the use of more water treatment chemicals. Due to substantial exploration and production operations in the region, the Middle East and Africa, as well as Latin America, are expected to develop strongly during the projection timeframe.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:

Corrosion inhibitors

Scale inhibitors

Biocides & disinfectants

Coagulants & Flocculants

Chelating agents

Anti-foaming agents

Ph adjusters and stabilizers

Others

By End-use:

Residential

Commercial

Industrial

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027

Target Audience of the Global Water Treatment Chemicals Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Full Report Summary At: https://www.marketstudyreport.com/reports/global-water-treatment-chemicals-market-size-research?utm_source=marketwatch.com&utm_medium=AG

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